[1] NOTE: As provided in LFC policy, this report is intended only for use by the standing finance committees of the legislature. The Legislative Finance Committee does not assume responsibility for the accuracy of the information in this report when used in any other situation.

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F I S C A L I M P A C T R E P O R T

SPONSOR:	Lyons		DATE TYPED:	01/30/02		HB
SHORT TITLE:		Mobile Telecommunication Services Taxes				SB	278
					ANALYST:		Smith

REVENUE

Estimated Revenue

Subsequent

Years Impact

Recurring

or Non-Rec

Fund

Affected

FY02

FY03

$0.1 Unknown

$0.1

Recurring

General Fund

(Parenthesis ( ) Indicate Revenue Decreases)

SOURCES OF INFORMATION

LFC

No Response

Taxation and Revenue Department (TRD)

SUMMARY

Synopsis of Bill

Senate Bill 278 exempts the receipts of home service providers who furnish mobile telecommunications services to persons whose primary residence is not in New Mexico from the telecommunications gross receipts tax. The bill also specifies that the receipts from nontaxable charges must be disaggregated.

FISCAL IMPLICATIONS

Unknown

SS/ar